Bitcoin records and crashes, new laws, and cybersecurity: what was 2025 like for crypto?
2025 was a turning point for the crypto industry: Bitcoin reached new all-time highs, and regulations intensified worldwide.
Bitcoin's record price peaks and crashes
January 2025: Bitcoin broke through the $100,000 mark amid political optimism. Expectations of favorable regulatory policies in the US under President Donald Trump pushed BTC to ATH in the $103,000–$109,000 range.
April 2025: Collapse due to tariff shock. The unexpected announcement of tariffs on Chinese goods triggered a 4% drop in BTC. The first major decline of the year showed a growing correlation with global stocks.
October 2025: Euphoria gives way to a “great shake-up.” On October 6, Bitcoin updated its ATH at $126,000. The rally, fueled by the success of ETFs, economic stability, and the growth of tech stocks, briefly pushed BTC's market capitalization above $2.3 trillion. However, on October 10, the market crashed, with liquidations reaching a record $19 billion. The shock of Trump's proposed tariffs (100%) on Chinese imports caused BTC to plummet to the mid-$80,000 range, wiping more than $1 trillion off the market. This was the largest one-day liquidation in crypto history.
December 2025: BTC lost ~30% of its October ATH, falling to ~$83–$86k. Investors are moving away from risky assets amid uncertainty over Fed rates, inflation, and the revaluation of AI stocks.
The alt season never started
Unlike in 2021, when almost all altcoins grew following Bitcoin, the market in 2025 developed sporadically. Investors' main focus remained on BTC, with other tokens and coins growing only in specific sectors.
From May to August, as well as in November, the prices of some altcoins rose by 50%–300% at one point. But these were more like local spikes than a mass market trend. This is confirmed by the Altcoin Season Index: it rarely rose above 50–60 points, and in December, it fell to about 17. Ethereum reached a new high of $4,955 in 2025, but then went into a correction.
What supported altcoins?
- ETFs. In 2025, the first spot ETFs on XRP and DOGE appeared, and earlier, an ETF on Solana was approved, which attracted billions of dollars. This increased interest from large investors.
- Technological development. Ethereum reduced fees for second-layer solutions, while Solana focused on scalability and AI integration. Layer-2 networks continued to grow.
- AI — the main driver of growth. Projects related to artificial intelligence were the year's hottest trend. AI sector tokens showed growth of +200%–500% at their peak, and the total capitalization of the segment reached $24–$27 billion.
- DeFi and tokenization of real assets. The volume of funds in DeFi remained stable, while the interest of large investors shifted towards the tokenization of traditional assets and liquid staking.
- Memecoins. Tokens based on memes skyrocketed again — sometimes by hundreds and thousands of percent, especially in the Solana ecosystem. The TRUMP memecoin became the subject of political hype. However, the sharp growth was quickly followed by crashes.
Regulation
MiCA. New crypto regulations in the European Union came into force in early 2025. This ensured equal regulation for all EU countries and created uniform rules for the crypto market.
GENIUS Act. The law, signed on July 18, 2025, introduced federal rules for stablecoins in the US for the first time. It required each "stable token" to be backed by an asset worth $1 and to conduct monthly audits.
Regulation of cryptocurrencies in Ukraine. In September 2025, parliament approved bill No. 10225-d in the first reading, aimed at legalizing and regulating the virtual asset market. The document was expected to be adopted by the end of 2025, but due to the large number of amendments (more than 2,500), the deadline was moved to 2026.
Cybersecurity and hacks
Annual total: $3.4 billion stolen in crypto. North Korea (the DPRK group) is responsible for $2.02 billion, including the historic $1.5 billion Bybit hack in February 2025. Over the year, there were 158,000 incidents of personal crypto wallets being compromised, with users suffering $713 million in losses.
